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Financing Product

Financing Product

Owned by Lango: Language and translation manager
Last updated: Oct 03, 2024Version comment
25 min read

The Financing Product defines the default values for creating a Financing Template or Offer, but also defines the conditions that must be met in order to validate the contract.

The code list is available via full-text search: Overview of financing products.

A new record can be entered via the New.

From the overview, the user opens the card for the selected financing product via the Edit/View button or by double-clicking. Subsequently, the system opens the Financing Product tab, which contains the following tabs:

  • General

  • Calculation Parameters

  • Currency and Calculation Parameters

  • Insurance

  • Multi Calculation - only for products with product type where Contract with Services = Yes

  • Migration

General Tab

Field:

  • No. (No.)

    • The financing product number is generated by the system from the number series that is set in OneCore Settings

    • If the value of the Manual Numbers=YES field is on the number sequence, then the user can enter a value into this field manually (alphanumeric value)

  • Name

    • A user enters a short text name for a financing product

  • Status

    • The default value of the field is "In preparation", from which the user can switch the value to "Active" and then to "Inactive". Any other sequence of states is not allowed

    • In order for the user to be able to select the Financing Product in the calculation, the value of the field must be equal to "Active".

    • Status = In preparation (Status = In Preparation)

      • Active From (125)) is an editable field

      • Active To (130)) is a non-editable field

      • When the status is switched:

        • to Active - The system will check if it is filled in Active From (Active From (125)):

          • if No, displays an error message and does not continue.

          • If Yes, goes on and without a message and unblocks Active until (Active To (130))to edit.

        • to Inactive - The system will check if it is filled in Active until (Active To (130)):

          • If No, displays an error message and does not continue

          • If Yes:

            • Disables editability Active until (Active To (130))

            • Checks if financing templates exist for a given financing product:

            • Type (1) = Financing Template

            • Financing Product No. – Same

            • Status = Active

  • If they exist, it will display the message "This financing product has active financing templates, please check them." "EN: This financing product has active templates, please check them."

    • After confirmation, it closes the message and switches the product status to Inactive

 

image-20240605-141122.png

  • Financing Product Type Code

    • User selects Financing Product Type Code for which he is creating Financing Product

    • Depending on the financing product type code, the values of some other fields will be adopted, which will be specified for each such field

    • When you select a code, the system takes the Releasing Excluding VAT value from the Fin. Product Type.

      • If Releasing Excluding VAT=Y, the system sets Purchase Type=Releasing and disables the editability of the Purchase Type field.

      • If Releasing Excluding VAT=N, sets Purchase Type=Standard and enables the editability of the Purchase Type field.

  • Financing Product Type Description

    • A non-editable field that is automatically filled in after selecting the Financing Product Type Code

  • Legal Form Filter

    • The value of the field is automatically filled in after you select Financing Product Type Code

    • The user can change:

      • If the value of the field is not empty when replenishing from the Financing product type, then the user can only remove some Legal Forms, but the field must not remain blank (blank means any value)

      • If the field is empty after adding from the financing product type, then the user can select any value from the code list to limit the options

  • Financing Type

    • A non-editable field that is automatically filled in after selecting the Financing Product Type Code

  • Releasing Excluding VAT (VAT)

    • The system takes the value from the financing product type

  • Leasing with delivery of goods

    • Fields are populated from the Financing Product Type used during validation

    • non-editable

  • Purchase Type

    • Possibilities:

      • Standard

      • Resales

      • Leaseback

    • If the value of the Leaseback exempt field = Yes, the system sets Purchase Type = Leaseback and the field is non-editable

    • If the value of the Leaseback exempt field = No, the default value is = Standard and the field is editable

  • Commodity Filter

    • The value of the field is automatically filled in after you select Financing Product Type Code

    • The user can change:

      • If the value of the field is not empty when replenishing from the financing product type, then the user can only remove some Commodities, but the field must not remain blank (blank means any value)

      • If the field is empty after adding from the financing product type, then the user can select any value from the code list, thus limiting the options

  • Group Filter

    • The value of the field is automatically filled in after you select Financing Product Type Code

    • The user can change:

      • If the value of the field is not empty when replenishing from the financing product type, then the user can only remove some Groups, but the field must not remain empty (blank means any value)

      • If the field is empty after adding from the financing product type, then the user can select any value from the code list to limit the options

  • Used Financed Object

    • The default value of the field is "Empty", which means that the Financing Product applies to both new items and used items. If the user wants to restrict the Financing Product, then he changes the value of the field to "New" or "Used"

  • Purchase Price Calculation Input Type Code

    • The user selects the Calculation input code for the purchase price of the object that the system will use when creating the calculation input for the purchase price of the financed object

  • CZ localization only (Luxury Tax): Unapplied VAT Calculation Input Type Code

    • The user selects the type of calculation input that should be automatically created by the system for the unclaimed part of VAT

    • We recommend that you create a calculation input type with:

      • Input Type=Costs

      • To Acquisition=Y

      • To Depreciation=N

      • To Insurance=N

      • To Calculation=Y

      • Local Calculation=Y

      • Calc.Variant Type=Fee

      • Mandatory from Object=Y

  • Purchase Price Change Calculation Input Type Code

    • The user selects Calculation Input Code To create a calculation input, the price of technical appreciation/depreciation

  • Created At Date

    • Non-editable field

    • The system automatically fills in the current date when a new financing product is created

  • Created By Name

    • Non-editable field

    • The system automatically fills in the ID of the logged-in user when creating a new financing product, the ID of the user who creates the financing product

  • Active From

    • The User manually enters the date from which the Financing Product is valid

    • The value of the field must be greater than or equal to the current work date

    • If the value of a field is filled in once, it cannot be deleted, only edited

  • Active To

    • The User manually enters the date until which the Financing Product is valid

    • The value of the field must be greater than or equal to the value of the Valid From field

  • No. of Financing Templates

    • The user will see the number of created financing templates for the given Financing Product. After clicking on the number, the system will open a list of Financing Templates.

  • Max. Loan To Value (LTV) % (LTV) %

    • In this field, the user enters the maximum allowed financing amount/limit for contracts from the given contract model (typically for loans)

  • LTV for Calc. Input Type (LTV for Calc. Input Type)

    • The user selects the type of calculation input to which the maximum amount of the allowed financing limit is related (typically the purchase price)

    • When creating and editing this calculation input, the amount of the calculation input and the financed value will be checked.

  

Calculation Parameters Tab

Field:

  • Calculation Type

    • The default value of the field is "Open"

    • The user can change the value of the field to "Closed"

    • Editable only if it is on the Financing Product Type field Contract with Services = Yes, otherwise not

    • Typical use in operational leasing with services or fleet management. The field is for informational purposes only.

  • Part Payment Period

    • The default value of the field is "Month", the user can change the value to

      • Quarter

      • Year

      • Half a year

      • Irregular

    • This is the default value that can be changed by the user in the calculation

    • Editable only if it is on the Financing Product Type field Contract with Services = No, otherwise not (i.e. only one month for service contracts).

  • Tire Category

    • Editable only if it is on the Financing Product Type field Contract with Services = Yes, otherwise not

    • The user selects a default value, which is then used in the calculation to create a tire service

    • Values:

      • Basic

      • Medium

      • Premium

  • Financing Term (min)

    • The User enters the minimum value of the duration in months for the given Financing Product

  • Financing Term – max

    • The User enters the maximum value of the duration in months for the given Financing Product

  • Financing Term – step

    • The user enters a duration step in months, the steps are always calculated from 0 (multiples) and not from the value of the Financing Period – min field.

  • Financing Term – default

    • The user enters the default value of the duration in months, where the value must be greater than the value of the Financing Period – min field and less than the value of the Financing Period – max field and according to the Financing Period – step field

  • Distance Unit

    • Editable only if it is on the Financing Product Type field Contract with Services = Yes, otherwise not

    • The user selects the operating unit from the Operation Units code list

    • This is the default value that can be changed by the user in the calculation

  • Max. Contractual Mileage Tolerance (Max. Contr. Distance Tolerance)

    • Editable only if it is on the Financing Product TypePE Field Contract with Services = Yes, otherwise not

    • The user enters the maximum tolerance of the contractual distance

  • Upper Tolerance

    • Editable only if it is on the Financing Product Type field Contract with Services = Yes and if the zero field is Upper Tolerance %, otherwise uneditable

    • The user enters a value in the field, which must be less than or equal to the value of the Max. Contractual Distance Tolerance field

  • Upper Tolerance %

    • Editable only if it is on the Financing Product Type field Contract with Services = Yes and if the Upper Tolerance field is empty, otherwise not editable

    • The user enters a value in a field

  • Lower Tolerance

    • Editable only if it is on the Financing Product Type field Contract with Services = Yes, otherwise not if the zero field is Lower Tolerance %, otherwise not editable

    • The user enters a value in the field, which must be less than or equal to the value of the Max. Contractual Distance Tolerance field

  • Lower Tolerance %

    • Editable only if it is on the Financing Product Type field Contract with Services = Yes and if the Lower Tolerance field is empty, otherwise non-editable

    • The user enters a value in a field

  • Lower Tolerance Limit

    • Editable only if it is on the Financing Product Type field Contract with Services = Yes, otherwise not

    • The user enters the lower tolerance of the operating units. The value of the field limits the number of unfinished KM when the leasing company will still refund the client's money.

    • Possible use in the financial settlement of the contract, currently it is only informative.

  • Calculate APR

    • Default = No

    • Depending on this flag, (N)/Y) OC will not calculate the APR (annual percentage rate of charge as required by legislation) in the contract

    • It is editable on cards only if Financing Type (35)=Financial Leasing or Credit/Loan.

  • Calculate IRR

    • Default=N

    • Depending on this flag, the (N)/Y) OC will not calculate the IRR (Internal Rate of Return) in the contract

    • On cards, it is editable only if Financing Type (Financing Type (35)) = Financial leasing or Credit/Loan

  • Recalculation Settlement Type

    • User selects from the options

      • Retroactive

      • Forward

    • The system will then take this over to the financing template as well as to the financing contract. Use in wizard for contract recalculation – change of time and mileage (for contracts with Contracts with Services = Yes)).

  • Recalculation Period

    • The user enters the periodic recalculation value:

      • Quarter

      • Semiyearly

      • Annually

 

Currency and Calculation Parameters Tab

In the tab, the user defines the allowed currencies with which it is possible to calculate the offer when selecting this financing product. The tab also defines fields that depend on the given currency. Only one record can be created for one currency.

Field:

  • Currency

    • The user selects the currency that can be used in the calculation if the user selects this Financing Product

    • If the user selects the local currency, then he leaves the field "Empty"

  • Template

    • The user selects a Financing Template, which is filtered to Financing Type and Currency Code

  • Interest Type Code

    • The default value of the field is "Empty", which means that the Financing Product applies to both fixed REFI codes and variable REFI codes

      • Fixed

        • The interest rate of the calculation interest rate of the contract is unchanged for the entire duration of the contract.

      • Variable

        • The interest rate of the calculation interest rate of the contract changes during the term of the contract according to the terms and conditions set out in the contract

    • Not editable if Financing Not Mandatory = Yes on Type Financing Product

  • Margin % (Margin %)

    • The user can enter a default value for the interest margin, which the system adds to the wizard for creating the calculation

    • Non-editable if Use Simple Fee = Yes on Financing Product Type

  • Calculate Excess Rate

    • The default value of the field is NO, which means that the excess rate will not be automatically calculated in the calculation

    • The User can change the value to YES, which means that the system will calculate the excess rate automatically depending on the definition of the coefficients of operating unit rates defined in the Financing Product (in the Navigation)

  • Calculate Sublimit Rate

    • The default value of the field is NO, which means that the under-threshold rate will not be automatically calculated in the calculation

    • The User can change the value to YES, which means that the system will calculate the below-the-threshold rate automatically depending on the definition of the coefficients of operating unit rates defined in the Financing Product (in the Navigation)

  • Excess Rate – Default

    • The field is editable if the value of the Calculate Excess Rate field=NO

    • The user enters the value of the field that will be used in the calculation

  • Sublimit Rate – Default

    • The field is editable if the value of the Calculate Excess Rate field=NO

    • The user enters the value of the field that will be used in the calculation

  • Paym. calendar is a tax document

    • The setting determines whether the payment calendar is also a tax invoice for the given group of contracts. In this case, the system blocks the printing of the invoice for the installment, as the tax document is not the individual invoices, but the payment calendar. The system transfers this setting to specific financing contracts.

  • Gen. Terms and Condition Code

    • The user can enter a default value that the system will add to the calculation

  • Down Payment % - min

    • Editable if the value of the field Allow to enter down payment amount=YES is on the model

    • User enters the minimum down payment value in %

  • Down Payment % - max

    • Editable if the value of the field Allow to enter down payment amount=YES is on the model

    • The user enters the maximum down payment value in %

  • Down Payment % - step

    • Editable if the value of the field Allow to enter down payment amount=YES is on the model

    • User enters down payment step in %

  • Down Payment % - default

    • Editable if the value of the field Allow to enter down payment amount=YES is on the model

    • The user enters the default down payment value in %, which must be higher than the value of the Down payment field in %– min and at the same time lower than the value of the Down payment in % – max field according to the Down payment in % – step field

  • Initial Fee Excl. VAT

    • Editable if the Entry Fee % field is empty, otherwise uneditable

    • The user enters a value in a field that can be changed in the calculation

  • Initial Fee %

    • Editable if the Entry Fee excl. VAT field is empty, otherwise non-editable

    • The user enters a value in a field that can be changed in the calculation

  • Selling Fee Excl. VAT

    • Editable if the value of the field Allow Entering Selling Fee Amount=YES is on the model

    • The user enters a value in a field that can be changed in the calculation

  • Residual Value Excl. VAT

    • Editable if the value of the field Allow to enter residual value amount=YES is on the model

    • The user enters a value in a field that can be changed in the calculation

  • Simple Fee % (Simple Fee %)

    • Empty by default

    • Editable on the product and template only if it is Simple Fee Used = Yes on the type of financing product, otherwise no.

    • The user enters the default value of the fee for the given payment period.

 

Insurance tab and Insurance Product Insurance list

The "Insurance" tab defines the default settings of insurance contracts that can be set in Financing Product Insurance (see below). In the calculation/contract, the user can then select other insurance than defined here.

The Insurance tab and the Financing Product Insurance button are visible only if the Financing Product Type has not been specified or if there is a flag on the Financing Product Type Use Simple Insurance = No, otherwise not (i.e. simple insurance cannot be used at the same time as the insurance module).

Field:

  • Allowed Insurance Framework Agreement Type

    • The field is of the filter type

    • User selects framework contract types if he wants to limit the types of framework agreements that the user can select in the calculation/contract when selecting this financing product.

    • If the field is left blank, then it means any type of framework agreement

When you press the Financing Product Insurance button, the system opens the Financing Product Insurance overview

Fields in the overview:

  • Insurance Company No.

    • The user selects the insurance company if he wants it to be pre-filled in the calculation.

  • Insurance Product No.

    • The user selects the product of the given insurance company if he wants it to be pre-filled in the calculation

    • If the user does not select an insurance company, he can select a product from the list of insurance products. This record can be used to create an insurance contract as well as to define a check of the existence of an insurance contract only at the level of an insurance product

  • Ins. Product Variant Code

    • The user selects the variant code of the insurance product if they want it to be filled in before it is filled in the calculation.

  • Framework Agreement No.

    • The user selects the framework agreement of the given insurance company if he wants it to be pre-filled in the calculation.

    • In addition, the field is filtered to the framework agreement types that are defined in the Allowed insurance framework agreement types field

  • Set No.

    • The user selects the set of the framework agreement if he wants it to be pre-filled in the calculation.

  • Insurance Package No.

    • Non-editable

    • The value of the field will be added if the user adds an insurance package using the "Insert package" function

  • Ins. Prod. Base Type for Check

    • Option Type

    • Possible values

      • Empty

      • Property

      • Liability Insurance (Liability)

      • Supplementary

      • Other

    • Default = Empty

    • The field is editable only if all fields are empty, except for the Insurance Contract Check (40) field

    • After entering a value in this field, all fields are non-editable except Insurance Contracts Existence Check

    • This control definition can be used when it is required to check the existence of insurance contracts only according to the type of insurance product (e.g. that there is a property insurance contract for the financing contract)

    • WARNING: During the inspection, the system does not differentiate between the type of insurance of the given insurance contract, i.e. whether it is a collective contract (insurance in instalments) or individual insurance

  • Insurance Contracts Existence Check

    • This setting determines whether the system will use the wizard when creating insurance contracts other than third-party liability Create Insurance Contractscheck the existence of insurance contracts in and during contract activation (checks the existence of at least one such insurance contract in the Preparation status for each financed object). In the case of a third-party liability insurance contract, this check will be performed only if the subject of financing is Third-party liability =Yes Otherwise, don't:

      • Isn't

        • With this setting, the system will not check the existence of the insurance contract even in the wizard Create Insurance Contracts even when the contract is activated.

      • Confirmation

        • With this setting, the system will check the existence of at least one insurance contract for each financed object. If you use the wizard Create Insurance Contracts If the contract is not selected, then the system will only display a query and it is possible to continue without selecting insurance contracts. Also, if it finds an object without the given insurance contract when activating the contract, then the system will only display a query and it is possible to continue.

      • Mandatory

        • With this setting, the system automatically sets the value of the Required=A field in the given insurance contract when creating insurance contracts by the wizard.

        • With this setting, the system will require the existence of at least one insurance contract for each financed object. If you use the wizard Create Insurance Contracts If such an insurance contract is not selected, then the system will not complete this wizard. Also, if it finds an item without such an insurance contract when activating the contract, then it will end up with an error.

        • The obligation to take out insurance applies to the fields that have been filled in. For example, if the obligation should apply only to the product, it is necessary to enter only the value of the product in the line and set the flag mandatory. The user will be able to choose the other parameters himself when creating insurance contracts.

    • Default

      • Informative value only. The user can mark the insurance contracts that he wants to use as default in the calculation

    • Pre-Insurance

      • Flag that specifies that the defined insurance is used to create a pre-insurance policy, i.e. the insurance contract will be concluded for the period from the registration of the vehicle to the takeover of the vehicle by the client. The Pre-Insurance Wizard searches for a record with the Pre-Insurance = YES flag and automatically creates an insurance contract with predefined parameters

        • Default value = No, user changes manually

        • Only one record can have a value of "Yes".

Insurance Package

A user can add an insurance package to the Insurance of a financing product by using the Insert Package function

After pressing the button, the system presents the user with a window in which the existing insurance packages are offered and the user selects the one that requires financing to be added to the product:

 

image-20240605-143213.png

After selecting the insurance package, the user presses the "OK" button and the system then adds all the insurance policies (lines) defined by the insurance package to the financing product

Delete Insurance

The user can delete the insurance using the Remove. The user selects the row they want to delete and confirms the function by clicking on the button next to the record or directly from the action bar.

If there is a blank value for the Package No. field on the line to be deleted, then the system deletes the one row that is currently requested. If the value of the Package No. field is not empty, then the system deletes all rows with the same value of the Package No. field.

 

Multi Calculation Tab

The tab is visible only for Financing Product Type with Contract with Services=Y

Field:

  • Multi Calculation

    • The default value of the field is YES, which means that the user can create multi calculations for the calculation with the given product

    • The user can change the value to NO

  • Number of Columns (Mileage)

    • The field is editable if the value of the field Multicalculate=YES

    • User enters the maximum allowed number of columns Multi Calculation

  • Number of Columns (Financing Period)

    • The field is editable if the value of the field Multicalculate=YES

    • User enters the maximum allowed number of rows Multi Calculation

 

Migration Tab

If contracts are migrated from the old system of the leasing company to the OC during the implementation of the OC, we recommend that you create a separate Financing Product (or even product types) for these contracts.

Field:

  • Migrated Contract

    • Default No

    • If the product is financing for migrated contracts, the value needs to be toggled to Yes.

    • Subsequently, if a contract is created through the given financing product, the contract will automatically have the flag Migrated contract = Yes

  • Don ́t Allow Down Payment Posting in Activation

    • Default No

    • If the product is financing for migrated contracts, the value needs to be toggled to Yes.

    • This is achieved by not automatically posting the Activation Wizard on the contract for the product.

  • Don ́t Allow Initial Fee Posting in Activation

    • Default No

    • If the product is financing for migrated contracts, the value needs to be toggled to Yes.

    • This is achieved by ensuring that the initial fee is not automatically posted to the contract for the product by the activation wizard.

  • Don ́t Allow Invoice Posting in Activation

    • Default No

    • If the financing product is with Financing Type = Instalment Sale for migrated contracts, the value needs to be switched to Yes.

    • This is achieved by the fact that the Contract Activation Wizard does not automatically post the Instalment Sales Invoice on the contract for the product.

 

Financing Product Services

Services of the financing product defines the services that can be used in the calculation with services (operational leasing or fleet management). It is possible to mark them as default (it is then possible to create them with one button) or even mandatory (when they are removed, the system displays a message that approval may be needed).

Services that will not be defined in the subform are considered forbidden in the calculation and the user does not have the option to select them in the calculation.

Financing Product Services are available via the Financing Product Services button.

  • The button is only visible if the product has a Financing Product Type with Financing with Services=Y, otherwise not.

When pressed, the Financing Product Services overview opens

Field:

  • Composed Service Code

    • Non-editable

    • The value of the field will be added if the user adds a composed service using the "Add Composed Service" function

  • Composed Service Description

    • Non-editable

    • The value of the field will be added if the user adds a composed service using the "Add Composed Service" function

  • Service Kind

    • If the user has added a composed service using the "Add Composed Service" function, then the field is non-editable

    • Otherwise, the user selects from Maintenance, Tire service, Replacement vehicle, Insurance event, MOI tax, Highway vignette, Fee/Service, Fuel card

    • Switching to Highway Sticker or Tax from the Ministry of the Interior will turn off the editability of the Reinvoice field, or set Reinvoice=N (see below).

    • The Insurance claim value is used in the area of service allowances and if the user selects it in the services of the financing product, the system displays an error message and the user cannot continue.

  • Service Type Code

    • If the user has added a composed service using the "Add Composed Service" function, then the field is non-editable and completed after selecting the group service via the "Add Composed Service" function

    • Otherwise, the user selects the Service Type Code from the Service Types code list filtered to Service Type

    • If there is one value for a given type in the code list, then the system fills in the field with that value automatically

  • Tire Service

    • The field is non-editable

    • The value of the field is filled in according to the Service Type Code if Service Type = Tire Service from the options Tire, Rim, Storage, Tire Change, Rim Accessories

  • Service Code

    • The user selects a value from the relevant price list based on the combination of the "Service Kind" field

      • Maintenance = Non-editable

      • Tire Service = Non-Editable

      • Replacement Car = Replacement Vehicle Pricelist

      • MV Tax = Non-Editable

      • Highway Ticket = Highway Ticket Pricelist

      • Fee/Service = Fee List

      • Fuel Card = Fuel Card Pricelist

  • Reinvoice

    • If Y, the given Service will be created in such a way that it will have a zero value. In this case, the costs from this service should always be reinvoiced to the customer.

    • If the user has added a composed service using the "Add Composed Service" function, then the field is non-editable and completed after selecting the group service via the "Add Composed Service" function

    • Otherwise, the default value is NO. User can change to YES.

    • The settings are transferred to the financing contract service, and when a maintenance permission is created for this service, the system automatically marks the maintenance permission line to be reinvoiced to the customer.

    • The field is always non-editable for Service type=Highway vignette or MOI tax (these services can never be reinvoiced).

  • Mandatory Service Service

    • If the user has added a composed service using the "Add Composed Service" function, then the field is non-editable and completed after selecting the group service via the "Add Composed Service" function

    • If the user deletes a mandatory service in the calculation, the system will display a warning message that approval will be required.

    • Otherwise, the default value is NO and the user can change to YES

  • Default

    • Services with A can be created by the user in the calculation by clicking on the button Create default services, all at once and without opening the service details (the function is not available for SDS).

    • If the user has added a composed service using the "Add Composed Service" function, then the field is non-editable and completed after selecting the group service via the "Add Composed Service" function

    • Otherwise, the default value is NO and the user can change to YES

    • In addition, if the value of the Required field is Service=YES, then the value of the field is automatically YES and cannot be changed to NO by the user.

  • Charge Service

    • For informational purposes only, the field can be used to define other functionalities within a specific implementation.

    • If the user has added a composed service using the "Add Composed Service" function, then the field is non-editable and completed after selecting the group service via the "Add Composed Service" function

    • Otherwise, the default value is NO and the user can change to YES if the Service is to be billed

  • Charge Service Period

    • For informational purposes only, the field can be used to define other functionalities within a specific implementation.

    • If the user has added a composed service using the "Add Composed Service" function, then the field is non-editable and completed after selecting the group service via the "Add Composed Service" function

    • The field is editable if the value of the field Bill service=YES, then the user chooses from the values Monthly, Quarterly, Half-yearly, Yearly, At proper termination

  • Permit Service Correction minus in %

    • If the user has added a composed service using the "Add Composed Service" function, then the field is non-editable and completed after selecting the group service via the "Add Composed Service" function

    • Otherwise, the user enters the allowed correction minus in % of the service, which cannot be exceeded in the calculation.

  • Permit Service Correction plus in %

    • If the user has added a composed service using the "Add Composed Service" function, then the field is non-editable and completed after selecting the group service via the "Add Composed Service" function

    • Otherwise, the user enters the allowed correction plus in % of the service

    • Otherwise, the user enters the allowed correction minus in % of the service, which cannot be exceeded in the calculation.

  • Default Service Correction %

    • Non-editable for Service Type=Tire Service (note: For these services it is entered via Business Portal Setup)

    • Editable for other kinds of services. User enters Default service correction in % - this value is applied to the calculation for the given service as default (i.e. Mark-up 4 % for services).

    • If the user has added a composed service using the "Add Composed Service" function, then the field is non-editable and completed after selecting the group service via the "Add Composed Service" function

Composed Service (Composed Services)

In the Services of the Financing Product", the user can add a composed service using the "Add Composed Service" function.

After pressing the Add Composed Service button (it is visible only if the Financing Product Type Code contains Contract with Services=Y, otherwise not), the user will see a window in which he selects composed services, i.e. he can select multiple composed services at the same time, and then fills in the other data.

Field:

  • Composed Service Code

    • The User selects the composite service that he/she wants to add to the Financing Product

  • Composed Service Description

    • Non-editable, the field is completed automatically after selecting the Composed Service Code

  • Mandatory Service Service

    • The default value of the field is NO, and the user can change it to YES if Composite Service is required

  • Default

    • The default value of the field is NO, and the user can change it to YES. In addition, if the value of the Required field is Service=YES, then the value of the field is automatically YES and cannot be changed to NO by the user.

  • Charge Service

    • The default value of the field is NO and the user can change it to YES if the Composed Service is to be billed

  • Charge Service Period

    • The field is editable if the value of the field Bill service=YES, then the user chooses from the values Monthly, Quarterly, Half-yearly, Yearly, At proper termination

  • Reinvoice

    • The default value of the field is NO and the user can change it to YES if the use of the Composed Service is to be reinvoiced to the customer

  • Permit Service Correction Minus in %

    • The user enters the allowed correction minus in % of the given group service

  • Permit Service Correction Plus in %

    • The user enters the allowed correction plus in % of the group service

  • Default Service Correction in % (Default Serv. Corr. (%))

    • User enters automatic service correction in % - default

    • The value must be greater than the value in the Allowed Service Correction Minus field in % and less than the value in the Allowed Service Correction Plus field in %

Deleting Service

The user can delete the service using the right mouse button. The user stands on the line that he wants to delete, presses the right mouse button and the Delete function.

If there is a blank value in the Composite Service Code field on the line to be deleted, then the system deletes the one row that is just requested. If the value of the Composed Service Code field is not empty, then the system deletes all rows with the same value of the Composed Service Code field. The user also has the option to delete the row where the value of the Required field is Service equal to YES.

 

Coefficients of Operation Unit Rate

Location: There is a "Coefficients" link in the financing product bar. The values in the code list are the same for all currencies. In the code list, the user defines the Coefficients of Operating Unit Rates depending on the tolerance of the operating units of the calculation, if the Financing Product contains Calculate Excess Rate/Sublimit Rate=YES.

After pressing the link, a list of operating units will be displayed.

Field:

  • Code

    • The user enters the unique code of the record

  • Distance Unit from

    • The user enters the tolerance of the operating unit from for which the given Coefficients apply

  • Distance Unit to Incl.

    • The user enters the tolerance of the operating unit to which the given Coefficients apply

  • Coefficient Amortization

    • The user enters the Amortization Coefficient that applies to the defined criteria

    • A coefficient that takes into account the contribution from the financial part of the repayment to the calculation of billing rates

  • Coefficient Maintenance

    • The user enters the Service Coefficient that applies to the defined criteria

    • A coefficient that takes into account the contribution of the maintenance service to the calculation of billing rates

  • Coefficient Tire Service (Coefficient Tyres)

    • The user enters the Tire Service Coefficient that applies to the defined criteria

    • A coefficient that takes into account the contribution of the tire service service to the calculation of billing rates

 

Copy Financing Product

Location: There is a "Copy" link in the financing product bar.

When the function runs, the system copies the existing financing product as follows

All data will be copied, except for the following:

  • Number

    • A new number from the number series will be assigned

  • Date of issue

    • The current system date at the time of copying

  • Created

    • ID of the currently logged-in user at the time of copying

  • Valid From

    • Empty

  • Valid To

    • Empty

  • Bid To

    • Empty

  • Financing Product Status

    • Will be transferred to In Preparation

The records in the associated tables will also be copied with the assignment of the new financing product number:

  • Currency and Calculation Parameters

  • Service Financing Product/Calculation Templates

  • Insurance Financing Product/Calculation Templates

  • Coefficients of Operation Unit Rate

When the copy is complete, the user is asked "A new product variant with a product number.... Do you wish to see it?"

After confirming the choice Yes The system will display a new financing product to the user.